Law firm Flint Bishop has successfully advised Gunn JCB on the sale of its Midlands division, operating principally from three depots in Smethwick, Stoke-on-Trent, and Hereford, to Midlands JCB, a newly established JCB dealership.
Gunn JCB Managing Director, Paul Hartshorn, commenting on the deal said: “This change is an important step in the continued growth of JCB in a region that is set for considerable investment.
“Furthermore, it will enable Gunn JCB, through its remaining six depots, to focus its operations in the North West of England, North Wales, and the Isle of Man and continue to meet the growing needs of our customers in this area.”
Martyn Brierley, head of corporate and finance at Flint Bishop, led on the legal advice for Gunn JCB on this important disposal.
Senior partner David Nelson and tax partner Natasha Scott, both of PKF Smith Cooper, provided accounting and tax advice to Gunn JCB.
Brierley said: “Having previously acted for Paul Hartshorn and his management team in successfully concluding the MBO of Gunn JCB, it’s been fantastic to advise Gunn JCB again on this important milestone transaction alongside PKF Smith Cooper, and look forward to continue working with Gunn JCB as they strengthen further their leading presence and reputation in its retained regions.”
Nelson said: “We were delighted to act for Paul and Mike on this important transaction, which represents PKF Smith Cooper’s third with the JCB dealership network. We look forward to continuing to assist the management team in the execution of their strategic plans over the forthcoming years.”
